The Draft Arbitration and Conciliation (Amendment) Bill 2024, despite being pending for more than two years since its drafting, includes a provision in Section 9A for making provision for emergency arbitrators through arbitral institutions in the same way that orders can be made under Section 17(2).

This post argues that the court’s clarification creates an asymmetrical safeguard which is a weak deterrent against strategic litigants seeking to prolong a Section 34 application.

On 10 August 2026, the Department of Debt and Hybrid Securities of the Securities and Exchange Board of India released a consultation paper proposing, alongside an expansion of ISIN limits for privately placed debt, to dispense with the obligation on an issuer entering the listed debt market for the first time to also list its outstanding unlisted non-convertible debt securities issued on or after 1 January 2024.